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Lexus LS 460 Prices Paid and Buying Experience

282 messages,  Last post on Jul 21, 2008 at 8:32 PM

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What is this discussion about? Lexus LS 460, Car Buying, Sedan


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#103 of 282
Re: Price on 2007 LS460 in NY/NJ Metro area [venkatb] by holew
Dec 09, 2007 (12:37 am)
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Replying to: venkatb (Nov 13, 2007 7:22 pm)

I doubt if you will be able to get an LS460 below dealer invoice, but then why not try. I purchased a new 2002 LS430 in Nov2001. I thought I got a good deal but later discovered I paid about $1000 too much. Back then the mark up from INVOICE price was $8000. So I offered to split the $8000 and told the salesman I would pay them $4000 above dealer invoice. I guess he must have wet his pants. He jumped up from the desk and ran to get the manager. The manager tried to get another $500 out of me but after 20 minutes of this BS stuff he aid OK. Later I found out that other dealers in the area were discounting that same car $5000 off of invoice.
 
So now I just start offering them some way low price of perhaps one thousand below invoice. I shop in an area where there are three or more dealers. My 2002 LS430 was purchased from Silver Spring Lexus in Maryland which is a suburb of Washington, DC. There are 6 Lexus dealers in and around Washington in Maryland and Virginia.
 
If I ever buy another Lexus product I will shop more intensively and aggressively. On an LS460 I would never pay more then $1500 over invoice and then that would be after trying very hard to get the car at invoice. The bottom line is HOW HUNGRY IS THE DEALER. If the economy is sick, even business at lux car dealers will decline. So wait the dealer out and try some of the INTERNET pricing services. They are for real and you will get pricing calls from several dealers which will save you a lot of time and perhaps BS.
#104 of 282
Re: Price on 2007 LS460 in NY/NJ Metro area [holew] by ocautoseeker
Dec 09, 2007 (4:56 am)
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Replying to: holew (Dec 09, 2007 12:37 am)

Obviously, certain markets demand different pricing, but here in SoCal, $3k over is a steal on an LS460 (swb). Most internet/fleet departments have been quoting anywhere from $3500-$5500 over.
 
There's about $8400 in front-end gross profit on these cars, but most dealers won't let them go for any less than $2k over, if they even go that low. Best deal I have been able to negotiate thus far was $2500 over.
#105 of 282
incentives by atlantageorgia
Dec 09, 2007 (1:20 pm)
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Why does Lexus NOT advertise their incentives to the customers. The dealer will not tell the customers all the incentives that are being offered for the December to remember event. Does any one know what the incentives are. I have a 800+ credit rating.
#106 of 282
Re: incentives [atlantageorgia] by ocautoseeker
Dec 09, 2007 (1:39 pm)
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Replying to: atlantageorgia (Dec 09, 2007 1:20 pm)

Are you looking to lease? Unlike apr's (on a purchase) which are required by law to be disclosed, money factors, on the other hand, do NOT.
 
If you're looking at an '08 LS (SWB), the buy rate money factor is .00230 (at least in SoCal, but that should be a national rate). The residual on a 36/12k/yr lease is 55%, for 36/15k/yr, the residual drops to 53%. On a 48/12k/yr lease, residual is 45%, for a 48/15k/yr, the residual is 43%. These numbers should stay like this until the special ends on Jan 2.
 
My advice... call and ask to speak to a finance manager since he's the one with the numbers. Tell him/her that you're thinking about leasing a few different vehicles and you'd like to know the current residual(s) and buy rate money factors. He/she should have no problem giving you these numbers if they know you're shopping around. If they won't, they're stupid... but, just call another dealer.
 
Good Luck!
#107 of 282
Finance Rates by atlantageorgia
Dec 18, 2007 (6:02 pm)
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Does anyone know the finance rates to purchase a Lexus LS 460(not lease)
#108 of 282
Re: Finance Rates [atlantageorgia] by ocautoseeker
Dec 19, 2007 (3:38 am)
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Replying to: atlantageorgia (Dec 18, 2007 6:02 pm)

5.59% apr for 60 mo. on Base and L models.
 
Rate offered through Lexus Financial Services.
#109 of 282
price of 460ls 2007 by traube
Dec 25, 2007 (12:28 pm)
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i live in ny.was just in florida and am able to buy LS460-new for 8600 below MSRP.Called my dealer in ny and said 2007 were not available.I really dont need the car until april 2008 and my ny dealer said i could probably get the 2008 for $4000 below MSRP.
NEED ADVICE-is this a deal i should not pass up-how is the lexus selling-i saw alot of 2007s sitting around in florida.I am paying cash for the car.
#110 of 282
Re: price of 460ls 2007 [traube] by jkd740
Dec 25, 2007 (4:08 pm)
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Replying to: traube (Dec 25, 2007 12:28 pm)

I don't think there's any need to jump on it right this second. I got almost $7k off the MSRP on an 2008 before the dealer even got their first one. You should be able to easily get up to $5k off still in April. Personally, I would try to get $7k off and go in there every end of the month until they bite. Eventually they will give in if you have the time to waste.
#111 of 282
Re: price of 460ls 2007 [traube] by fabt1
Dec 26, 2007 (7:05 am)
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Replying to: traube (Dec 25, 2007 12:28 pm)

I'd be skeptical of a 2007. Remember, a meaningful number of '07 owners have complained about wind noise; the '08's have better door insulation and laminated glass on the front windows. Also, the nav. screen on the '08's do not require you to hit the "I agree" button before it operates. I just bought an '08 a few days ago, also in Florida; it seems good deals can be had on them. And I test drove it before I bought, to ensure no wind noise - it was noiseless.
 
If you really think you're better off with the '07, make sure you take it on a test drive at highway speeds to ensure there is no wind leak noise.
#112 of 282
Re: price of 460ls 2007 [fabt1] by traube
Dec 26, 2007 (8:10 am)
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Replying to: fabt1 (Dec 26, 2007 7:05 am)

may i ask you how much below MSRP you paid?what part of florida.This info is very helpful and i will probably wait and buy the 2008
thanx again!

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